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Circuit City Gets a New Lease on Life (Literally)

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discounteggroll
11/12/08

In reply to Circuit City Gets a New Lease on Life (Literally)
BoA should know better than to mess with destiny
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superhappyfuntime
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
Seriously, WTF. BofA gets a few Billion from the Financial Bailout plan, and then gives 1.1 of it to CC, that craphole store that needs to die? That means that indirectly, my tax dollars are funding CC to limp on another year. Sometimes I really hate Capitalism.
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Rabid Penguin
11/11/08

@latterman: The government taking your money in order to save a failing business is NOT capitalism.
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Digitallysick
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
I have nothing but good things to say about circuit city? Over a year ago i wanted a samsung 42inch plasma 1080i at the time was about 1700.00 at best buy, i went to cc and it was 1599.00 plus i brought a coupon, i got from cc in my email, save 250 dollars on a purchase over 1,000.00 The honored the coupon in store , so i feel i got a good deal compared to bestbuy
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Rabid Penguin
11/11/08

@Digitallysick: I believe Best Buy price matches and will accept those coupons, plus you would have gotten the Best Buy points... does Circuit City do Best Buy points? I didn't think so.
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Rabid Penguin
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
With our economy in such dire straights where the hell is everyone getting all this money to give to all these shitty companies??? Nevermind, nutbastard already said where it's coming from... us. :c(
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Rabid Penguin
11/11/08

@Rabid Penguin: On a side note though, I'm really glad I'm paying less than $2 a gallon on gas now.
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nutbastard
11/11/08

@Rabid Penguin:

enjoy it while you can. it's not going to stay that way for long.
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Jrsy Devil's Advocate®
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
I hope those Bank of America emergency bucks come with some type of caveat attached...

..Like all the asshats with the highest salaries who had a hand in driving the company into the guardrail at 65MPH need to be fired immediately without severance
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Homerjay is utterly alone.
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
Ya know NONE of this would have happened if they hadn't retired Pluggy!
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Elliuotatar
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
Why is it I can't get a credit card company to give me 10K in credit even though I have an impeccable credit history, but Circuit City files for bankruptcy, and Bank of America thinks it's a good idea to loan them a billion dollars?
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Kaiser-Machead
11/11/08

@Elliuotatar: You need to slap a big red logo on your forehead.
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nutbastard
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
"oh shit, you guys! hey! shit shit shit the economy is all fucked up! what do we dooooo?"

"well we could print more money and loan it out"

"but won't that devalue the dollar and drive the prices of everything up!?"

"yes, it will, BUT we've been printing fake money whenever we needed it for a long time, and no one's seemed to notice"

"but the money we print - even though we're loaning it, don't WE have to pay interest on it, even though it's not backed by gold or anything?"

"no, WE don't have to pay anything. that's what tax payers are for"

"ooooh."
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scarbrtj
11/11/08

@nutbastard:
Nutbastard, don't go gettin' all sensible and voice-of-reason and shit.
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tumnus
11/11/08

@nutbastard: This is the a bank bailing them out, not the federal reserve. Banks don't print money. This doesn't affect our taxes. Bank of America != US Government. Funny post, but wrong context.
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nutbastard
11/11/08

@tumnus:

I don't know if you noticed, but the government has been handing out money to banks so that they can give out loans. Can't find a source but i find it hard to imagine B of A isn't getting some of it.
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Gann
11/11/08

@nutbastard: I know it makes me kinda uneasy when the gov't suddenly buys a controlling stake in a large company like AIG. If things go bad enough, and we have to 'bail out' enough of our major financial institutions, we could easily end up with the majority of our banking system controlled by our wonderful federal government.
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Barion
11/12/08

@nutbastard: We're currently in a deflationary spiral anyway, which overpowers any inflation caused by pumping new money into the system.
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nutbastard
11/12/08

@Barion:

based on what? certainly not the price of gold.
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silence04
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
it's good to know our tax money is being put towards companies that will enviable cost us even more money...
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Kaiser-Machead
11/11/08

@silence04: Is a loan from Bank of America considered a government bailout? Being a loan, I can only assume that this money is lent out in good faith that it will be returned when the company gets back on its feet, if it can.
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nyaz
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
Why the heck do they owe those companies so much money?
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Kaiser-Machead
11/11/08

@nyaz: You should check their list of creditors. It would make you cry if you were CC.
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turi319
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
bailout is the word of the year.

And who would want to bailout circuit city??
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Kaiser-Machead
11/11/08

@turi319: Bank of America, apparently.
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Kaiser-Machead
11/11/08

In reply to Circuit City Gets a New Lease on Life (Literally)
I sure hope that they pull out of it and actually stop sucking. Do I actually think that they will? Nnnewp.
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